Table Space Secures 5.34 Lakh Sq Ft Office Space in Gurugram for ₹3.47 Crore Monthly Rent
Table Space Technologies Private Limited, a leading flexible workspace solution provider, has secured a significant lease in Gurugram. The company has taken on 5.34 lakh sq ft of office space in Intellion Park, located in sector 59, for a monthly rent of ₹3.47 crore. The lease agreement was registered on July 25, 2025, between Table Space and Mikado Realtors Private Limited, a subsidiary of the Tata Group (Tata Realty and Infrastructure Ltd).
The per sq ft rate for the leased space is ₹65, as indicated by the property registration document reviewed by NSE-listed real estate data analytics firm PropEquity. Intellion Park is strategically located off the Golf Course Extension Road in Gurugram, offering excellent connectivity through major access roads such as Golf Course Road, MG Road, and Faridabad Road. It is also well-connected to Sohna Road, NH 8, and Delhi, with the Southern Peripheral Road, Dwarka Expressway, and Delhi-Mumbai Expressway within easy reach. The metro station is just a 10-minute drive away.
According to the registration document, the lease agreement is valid for six years, starting from August 1, 2024, and ending on July 31, 2030. The lease includes a lock-in period of three years and a fit-out period of eleven months from the lease commencement date (August 1, 2024) to June 30, 2025. During this fit-out period, Table Space will only be required to pay 50% of the maintenance charges, which amount to ₹6.5 per sq. ft.
The full maintenance charge of ₹13 per sq. ft will commence from July 1, 2025, bringing the total monthly rent to ₹4,16,93,496. The lease agreement also includes a 15% escalation in lease rent every three years. Additionally, Table Space is required to deposit three months' rent as an interest-free, refundable security deposit, with the same 15% escalation every three years.
Upon the expiry of the initial lease period, Table Space has the option to renew the agreement for an additional four years, followed by another five years if desired. The G+12 structure office building will also provide 617 covered car parking spaces in the basement.
The transaction incurred a stamp duty payment of ₹1,58,53,000 and registration charges of ₹50,003. Table Space, founded in 2017, is a leading flexible workspace solution provider in India, specializing in enterprise-managed workspace solutions for global enterprises. As of December 2024, the company's portfolio comprises 100.5 lakh sq. ft of custom workspaces across over 75 centers in key clusters in India.
According to PropEquity, the Golf Course Extension Road area has seen a significant supply of 5.23 million sq. ft of office space between 2022 and 2024, with leasing activity standing at 2.72 million sq. ft. The average rental rate in the area is ₹78 per sq. ft, making it a prime location for businesses looking to expand their operations in Gurugram.
